Are you on the Tax Instalment Pre-Payment Plan (TIPP)?

If you are on the Tax Instalment Pre-Payment Plan (TIPP) and wish to defer your taxes, you must send in a separate request 30 days prior to the next payment date to cancel your TIPP payments. Depending on the timing of your cancellation, you may not have taxes left outstanding to defer in the current year.

You should receive an advance tax notice with the amount of zero while in the deferment program. Closing your deferment account will result in the full advance amount appearing on your next scheduled advance tax notice (i.e., half of the prior year’s taxes).